Member Info for Sotolo

I think expectation of 4th quarter results is anything but good? The most fearful in a long while, Hoc made it clear that their main mine has been held hostage by Maoists, and more they haven't received a permit for it to continue as promised so far. The big question is how much the mine siege has reduced production and also if it has prevented gold getting out to be sold. So it is nail biting time as they will say how bad the situation is, or hopefully that it is even improving but very iffy at the moment. Still lovely to see the news posted here yesterday and the rising PM prices, silver only needs to rise another 20% for Pallancata to break even

Patryk, I would have said around 20% rise in a month and 60% in 6 months isn't bad Patrick, and would be extremely happy with the same again in the next 6 months! Hardly consolidation

Thank you so much that is the first piece of potentially good news about hochschild that I have read in a long time, what does optimisation mean?

Thanks Modest, this article sadly says it all but if IF IFF Inmaculada is finally repermitted (as really Hocks only profitable mine) our price should zoom, but if it isn’t we are somewhat done for

Thanks so much for the kind words, I am more chilled as chromium has become an increasing profit contributor, with rising prices and ounces sold with the new recovery, and I see prices rising further with Chinese recovery. Also Karo will increase our platinum contribution. Overall rhodium will matter less, and above all the reduced share price now imho more than takes account of the shift to electric autos, especially given the pluses above.

My T, on another note to jam whereabouts in Cornwall are you if you don’t mind saying

Odd by my maths I I make it that about 50% of our PGM profit comes from rh, tho 25% platinum, and 13% palladium are roughly what you make them. However that means a percentage rise in platinum is far better than palladium i for us , ie a 20% increase in platinum equals a 40% fall in palladium. Anyway With platinum providing double the percentage of our profit to palladium of course the rise in it is great

Aren’t we lucky that in our PGM mix we mine 55% platinum and only 17% palladium

Spoonington again you are spot on. Gold is now lees than 2% off its all time high (in sterling that counts for us) yet the share price still languished at half its high due to the soaring costs of last 2 years. Let us hope that despite inflation they now flatten or even fall. I too wish management were more communicative but they are not as bad as Hoc who have been stum through a siege of their mine by maoists! You are again quite right. Miners don’t seem to realise shareholders own the mine or even matter.

Agricole, it wasn’t one off, the talks to resolve it as in the RNS failed and there was worse following but no Rns, it has been in the Peruvian news quite a bit, before Xmas the company just didn’t know what would happen. However I haven’t seen any updates in recent news. If only the mines were ok, rising gold and silver would be wonderful for the highly geared share price as we are such a high cost producer now, tho remember now more gold than silver particularly as the Pallancata silver hedge, which has been so good keeping losses down as we have been getting $26, is a loss making $25ish this year from memory which has been a bit kiboshed by such mining inflation

Thanks Spoonington.

It has been a good 12months for gold and silver. In sterling, that counts for us, gold is up 13%, silver a fair bit more. Centamin is up a third. Sadly Hoc has been further wrecked with further falling production and the threat to its only major mine, only set to get worse, so desperate investment in new projects in other places at just the wrong time of high interest rates, so the share price has halved again in the last 12 months. Hopefully gold and silver will now rise a lot and help prevent Hoc falling even further and halving again, and hopefully one day we may get some good news. But the problem remains comparatively very low future resources compared to other miners and the hefty and risky expense of replacing them imho. As said not for windows and orphans but having fallen 5 fold hopefully the price takes some account of the disastrous management and can we even dream of recovery….

Dark, the good news is the share price hasn’t been smashed as bad news already built in, so I am hanging on on the basis of being the world’s worst investor so I am eschewing your lifeboat on the basis that I bought a first class cabin on the sinking ship and the inept crew navigating us through this iceberg infested sea may manage to bale enough and fill enough holes that we manage to carry on. It is called anchoring and I remember the earlier sunny cruising and the huge soct of the ticket. Hopefully it is more like a Laurel and Hardy than Titanic with this crew. Happy 2023 to all

I was the opposite when I saw the headline, trepidatious, so another finger biting 3 months till the next rns on 31 march saying expect news in the next quarter, and nothing about the Inmaculada siege, we shall hopefully (or miserably) get some news however bad in 3 weeks with the first quarter which should presumable include considerably lower production from th Inmaculada but hard to tell with zero info, owning this share is flying blind they have zero consideration for shareholders - I am just paying a £20k tax bill for being “given” my Aclara that are worth less than that, and pretty much everything turns to disaster including shareholder value. Some things are not their faul, but failing to communicate and us paying for being given shares definitely is. Of course I should sell but can’t bear to take a huge loss, even tho will probably get worse, just as gold and silver soar. Harumph

Agricole, the disruption was short lived, my understanding was it is an ongoing blockade? What are you reading?

Noel, they do but sadly Hoc is now a gold miner with a declining amount of silver and far worse its main mine is being held hostage. So sadly the share price is no conspiracy on silver prices but the fundamentals, of expiring mines, invading locals and terrible national politics. These may be surmounted or not. If they are we will rise many fold, if the are not we will plummet.

And, as hoped with the wall collapse behind us, Centamin is up 30% in 2022, 2023 should be even better, I wish my other shares had performed as well!

Mike where do you follow the chrome price. I use chromium 99%min china spot price on investors com which has been flat for 4 weeeks, since rising from 69250 to 69750 a month ago but today had a 3% jump to 71750 it’s highest since July

Mr Gnome, as you know monkeys with darts are rather better at predicting future prices, but maybe less changeable with the wind. Less than a month ago: “ In its gold price predictions on 22 November, ANZ Research forecast the yellow metal to trade at $1,600/oz in March 2023, down from an average of $1,620 in December 2022. The bullion was expected to rise to $1,650 in June 2023, dropping to $1,625/oz in September and rebounding to $1,650 in December. ANZ Research also projected the yellow metal to dip to $1,600/oz in March 2024, dropping further to $1,500 by June 2024.”.???

The divi is always about 17% of the profit, and Ncap is down, hence divi. The company is very clear. However that means 83%is invested in the future which means THS is a growth company, though valued as a dangerous and dying value one.